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AVAX sticks to US$6 support, analysts target price of US$15, and online activity reaches US$1.6 bill

2026-08-15 12:25:08
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AVAX sticks to US$6 support, analysts target price of US$15, and Internet activity reaches US$1.6 billion.

Currently, Avalanche (AVAX) is trading at approximately US$6.44, and the cryptocurrency is consolidating around its downward trend that has lasted for months. Despite prolonged market pressure, AVAX appears to be using the $6.00 to $6.30 area as a key bottom, a support that buyers have repeatedly defended after falling sharply from above $10.

Key technical positions determine the trend of AVAX

AVAX's sideways trend around US$6.00 has attracted analysts 'attention, especially since sellers have failed to significantly lower prices recently. Cryptocurrency analyst Abdullah sees $6.26 as an immediate threshold to watch, and points out that the multiple repeated reactions at this price point indicate buyers are still conducting defensive operations.

AVAX has been hovering around $6.26 for several weeks, and despite continued bearish market sentiment, buyers are still protecting the area. If AVAX fails to hold on to this support, market attention will turn to the next major downside area, which is $5.10 to $3.83. On the contrary, if we can firmly hold above US$6.00, it means that the prospects for fundraising still exist, especially after months of consolidation.

Price Area/Description
6.00 - 6.30 US$/Current Key Support
7.00 - 7.50 US$/First upside target
9.00 - 10.00/Intermediate Resistance
14.00 - 15.00 US$/Long-term Breakout Target
5.10 - 3.83 US$/Main downside risk areas

Declining structures breed bullish scenarios

Broader technical analysis by Clifton, another market observer, shows that AVAX has been trading in a long-term downward structure after falling from above $35. Clifton's long-term chart predicts that if AVAX can get rid of the lower edge of the structure and confirm a trend reversal, it may launch a surge to $14.90 from current levels, with an increase of more than 130%. However, confirmation of a reversal requires prices to move significantly beyond the bottom of the $6 dollar and rebound above the downward resistance line.

Prices are weak but Internet activity surges

Although AVAX prices are flat, activity on the Avalanche blockchain is accelerating. The latest data shows that the cumulative transaction volume of Avalanche-based decentralized financial platform Asyim has exceeded US$1.6 billion. This increase is not a one-time explosion; Asyim's monthly transaction volume has remained above $130 million since January 2026, highlighting continued network demand.

Fundamental signals from Avalanche point to expanding network usage and continuing to grow on-chain transaction volume and activity. Research data shows that even though AVAX prices fell more than 95% from historical highs, the Avalanche ecosystem still generated approximately $954.8 million in on-chain economic activity. This situation highlights the divergence between token price performance and network fundamentals.

Outlook: Confirming that recovery requires a technical breakthrough

Analysts pointed out that while increased online activity suggests that ecosystem adoption is increasing, this does not automatically translate into a driving force for price increases. For AVAX to attempt a recovery towards $10 and the expected $14 to $15 range, prices must first achieve a bullish breakout above current resistance.

If AVAX can hold on to the bottom of $6 and start to break past $7.00 to recover previous resistance areas, the possibility of a larger reversal will increase. If support falls, prices may fall faster, and the target looks towards the US$5.10 to US$3.83 range. However, continued growth in the ecosystem may help lay the foundation for a rebound when technical indicators finally realign in the future.

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